DAY 17 - EXAM/ 17-1 ENGINEERING MATHEMATICS DAY 17 - EXAM Ne amount of P10,000 is borrowed at 30% innum simple interest. How much will be it the end of 130 days? "1,830 Thuch interests are you going to pay 45 days if you borrowed P50,000 in a OW much should you put into a 10% @ccount in order to have P100,000 in Ompany invests P200,000 today to be five years in one lump sum at 18% Winded annually. How much profit in day’ pesos is realized over 5 years? im borrows P5000 for 5 years at 16%. id of 5 years, it renews the loan for an ‘due plus P2000 more for 2 years at Viiat is the lump sum due? 82 DEEDECCUECD AAARIIIAI OND Cun... 6. What is the present worth of two P1000 payments at the end of third year and fifth year? The annual interest rate is 8%, A. P1744 B. P1384 C. P1474 D. P1224 7. A sinking fund consists of 15 annual deposits of P1,000 each, with interest earned at the rate of 4% compounded annually. What is the principal in the fund at its terminal date? A. P25,115.15 B. P29,546.37 CG. P28,105.25 D. P20,023.59 8. You borrowed the amount of P10,000 in a bank with an interest rate of 30% compounded monthly. How much would you have to pay after 2 years? A. P18,087 B, P17,987 C. 17,032 D. P17,825 9, An initial savings deposit of P200,000 in a certain bank ears 60% interest per annum compounded monthly. If the earnings from the deposit are subject to 10% tax, what would be the net value of the deposit after one year? A. P359,171 B. P159,174 C, P343,254 D, P325,896 10. A bank is advertising 10% accounts that ylelds 10.47% annually. How often is the interest compounded? A. quarterly B, daily C. semi-annually D. monthly 11. A man borrowed the amount of P20,000 with an interest of 30%. How much interest is he going to pay at the end of 22 months? eG pct cod oc ite17-2| DAY 17 - EXAM A. P82,353 BP12,220 B, P31,533 C. P12,062 C. P12,353 D. P12,602 D. P32,296 42. If P700 is invested at the end of each year for 10 years, at an annual interest rate of 8%, what is the total peso amount available upon the deposit of the tenth payment? A. P4,700 B. P10,410 Cc, P10,014 D. P10,140 43, How much money must you invest today in order to withdraw P5000 per year for 10 years if the interest rate is 14%? A, P26,008 B. P26,081 C. P26,808 D. P26,800, 14. A series of year end payments extending over ten years are as follows: P5000 for the first year, P10,000 for the second year, and P20,000 for each year from the third to the tenth. Find the equivalent annual worth of these payments if the annual interest Is 8%. A. P16,634 B. P16,652 C. P16,365 D. P16,562 45, What uniform annual amount should be deposited each year in order to accumulate P1M at the end of the 10" annual deposit if money earns 10% interest? A. P62,745 B. P64,634 C. P67,045 D. P68,078 46, A company needs P60,000 in five years to buy a new equipment. In order to accumulate this sum, a sinking fund consisting of three annual payments is established now, For tax purposes, no further payments will be made after three years. What payments are necessary if money is worth 18% per aonum? 47. You obtain a loan of P1.5M at the rate 48% compounded annually in order to build house. The payment is made at the first da of the month. How much you pay monthly amortize the loan within a period of ten year A. P25,752 B. P25,673 C, P25,400 D. P25,501 18. A machine cost P120,000 with estimated life of ten years. It salvage valll after ten years is estimated to be P25, 00 Determine the depreciation rate if the inter tate is 10%. A. 6.98% B. 4.82% C. 5.62% D. 4.97% 49. An asset is purchased for P150,000. estimated life is 10 years, after which it will sold for P20,000. Find the depreciation for second year using the sum-of-the-years li method. A. P21,273 B, P21,723 ©. P20,732 D. P21,836 20. The hire of any person to do whale work he is skilled in doing: A. Promotion cost B. Salary cost C. Material cost D. Labor cost | 21. Compute the number of blocks that ar plant must be able to sell per year to bre even, based on the following data: Cost of electricity per-block es even eo. 3 0) Tax to be paid per block ; Pineal A. P12,620 ... P48,000 per year : Salaries and Wages IC. 1378 22. The bank offers 0.75% effective monthly Interest. What is the effective annual rate? A. 3.89% ; 23. Assets that cannot be converted into cash within the accounting period, such as land, to be used in business operations: 24. Payment of goods or services before they are received: ‘A, current payment C. prepaid expense B. prepaid income DAY 17 - EXAM ENGINEERING MATHEMATICS 27. Assets that lack physical substance but consists of valuable tights, privileges, or 17-3 . P30,000 = per month ; P15,000 per morith advantages; I “Unit Price.. P80 per biook franchises aiGanizatonal eMPOheD ote franchises, . organizational expense A. 8712 goodwill : 3 B. 7812 A. current assets B. intangible assets C, fixed assets D. gross assets D. 6817 28. Exclusive privilege to use a certain process in manufacturing: A. patent 3 en B, franchise . ly €, goodwill D. expense. 29, Permit granted to a business to handle a given product or to operate within a given territory or along a certain route: buildings, machinery, and equipment that are A B. used assets B. he C. current assets C. franchise D, intangible assets D. expense 30. Factor in business which causes a company to earn a higher than normal rate of return due to managereal skill, popular . fixed payment acceptance of the product or some other |, eee ee circumstances: ‘ B. goodwill i 5, Payment of services or goods before they | C, Seances ‘fre rendered: D. clearness . advance payment 31. Certain costs such as initial incorporation . current payment fee and the cost of legal services in D , expense connection with the formation of the corporation, Cash and goods that can be readily | A. material expense ‘Donverted into cash: B. labor cost | fixed assets C, equity cost : ans assets D. organizational expense Current assets 32. Funds in cash or security form held for income producing purpose: A. investments REFRESHER MANUAL 92ND Edition hv [AS TORNDITIO17-4| DAY 17 - EXAM B. expense C. assets D. peso 33. Accumulated net earings of a corporation, also called reinvested earnings: A. retained earnings B, fixed deposit C. net income D. gross income 34, Net losses in excess of retained earnings _ which are deductions in the owners equity: A. deficit B. debts C. gain D. gross margin 35. Cost of goods available for sale during the fiscal period minus the inventory of finished goods available at the end of fiscal period: Av cost of goods sold ‘B. liabilities C, material cost D. organizational cost 36. Difference between the net revenues realized from the sale of goods and their cost: A. net capital B. gross margin CG. expense D. accounts 37, Net income divided by total capital: A. ROL B, ROR C. interest D. asset rate 38. Rate of return on total assets divided by rate of return on sales: A. income turnover B, asset turnover C. expenses rate D. rate of income 39. General ability of a company to meet its short term indebtedness. A. fate of return B. acid test ratio C. current asset tumover D. current ratio 40. A more vigorous measurement of | company’s ability to service short term debt A. current ratio B, rate of return C. gross margin ratio D. acid test ratio 44. Accounting book in which are record the credits and debits of commerdi transactions: A. ledger B. journal C. balance D. clerks book 42, Additional cost to produce ane more u of product: A. marginal cost B. sunk cost C, expense D. operating cost 43. Lowering in prices of commodities: A. inflation B, deflation C, bonus D. discount 44, What is an annuity? A. the future worth of a present amount B. an annual repayment of a loan C. aseries of uniform amounts over a pelll of time D. a lump sum at the end of the year 45. What must two investments with sal present worth and unequal lives have? A. identical salvage values B. different salvage values C. identical equivalent uniform annual o flows D. different equivalent uniform annual oa flows 46. Which of the following does not al owners equity? DAY 17 - EXAM] 17-5 ENGINEERING MATHEMATICS 47, What is the acid test ratio? A. the ratio of owners equity to total current liabilities 'B. the ratio of all assets to total fiabilities C. the ratio of current assets (exclusive inventory) to total current liabilities D, the ratio of profit after taxes to equity 48. Decrease in value of a physical property due to passage of time: ‘A. inflation . Expenses D. asset 0. Type of ownership in business where individuals exercise and enjoy the right in their ‘OWn interest: . Equitable |. Private 51, A steel block weighs 10 N and has volume ‘0f 300-cm*. What is the density of the block in kg/m*? i . 2398 kg/m? B, 3398 kg/m? C, 4398 kg/m® ‘62. A 30 inches long rod floats vertically in Water, It has a 2.5 sq. inch cross section and has a specific gravity of 0.72. What length, L A. dividends paid A. 21.6in B. invested capital B. 8.4 in C. license to start business C.114.6in D. revenues D. 184 in §3. Steam with an enthalpy of 900 cal/g enters nozzle at a velocity of 90 m/sec. Find the velocity of the steam at the exit of the nozzle if ” its enthalpy is reduced to 700 cal/g, assuming the nozzle is horizontal and disregarding heat losses. Take g = 9.81m/s* and J constant = 427 kg-mikcal. A. 3297.55 mis B. 2297.55 m/s C. 1297.55 m/s D. 997.55 m/s 54, 200 g of water are mixed with 230 g of alcohol (d = 790 kg/cu.m). What is the specific volume of its resulting mixtures, assuming that the fluids mix completely? A114 0m%g B. 1.41 cm‘/g 6.2.14 ong D.3.14 omg 55, Water flows with a mean velocity of 3.2 m/s inside a circular pipe of 4 cm radius. The bulk mean temperature of water is 60°C at this temperature p = 985 kg/m? and viscosity = 4.71 x 10“ kg/m-s. What is the Reynolds Number? A. Re = 2.35 x 10° B. Re = 3.35 x 10° C. Re = 4,35 x 10° D, Re = 5.35 x 10° §6. An oil at 50°C (p = 890 kg/m*) flow into a 3 cm diameter horizontal pipe with a velocity of 4.75 mls and exits through a nozzle of 0.75 m diameter. If the pressure drop is 600 kN/m?, what must be the exit velocity. A. 16.76 mis B. 26.76 mis C. 36.76 mis D. 46.76 m/s that is floating? REFRESHER MANUAL 92ND Edition bv JAS TORDILLO